Is Democracy a Victim of the Euro Crisis?

Some ominous news from euro land. The financial crisis in the euro zone is beginning to threaten democracy and national sovereignty, just as the euro skeptics in Britain warned it would.

Governments in Greece and Italy have fallen. Prime Minister George Papandreou and his Italian counterpart Silvio Berlusconi both resigned within days of each other.

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5 Responses to Is Democracy a Victim of the Euro Crisis?

  1. Neil Bone November 13, 2011 at 10:44 am #

    There is a very real danger that it will be perceived by both the Greek and Italian electorate that a “Vichy” style puppet Government has been installed by foreigners and the political elite upon them and therefore has no democratic mandate to impose the measures the “imposed” Government feels are necessary for either economy.

    This may well result in uniting disaffected elements of both the left and right in encouraging active resistance to the austerity measures and in extreme cases acts of violence against those they feel are “collaborators”, representatives or nationals of the countries they feel are “overlording” them.

    • HowardRGold November 13, 2011 at 8:32 pm #

      You make a good point, and I hope it doesn\’t come to that. Europe sure doesn\’t want to go back to the Thirties!

      Is staying in the euro really worth this? Maybe both countries need to leave, go back to the drachma and lira and decide their own fates.

      I think despite all the problems the UK has, the euro skeptics were surely right in keeping sterling and staying out of the euro!

      Thanks for your comment.


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